secwatch.observer — SEC 8-K summary
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Issuer:     First American Financial Corp (FAF)
CIK:        0001472787
Form:       8-K/A
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0000950170-25-076951
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

First American sets CEO Seaton base salary at $1M, CFO Wajner at $625K, plus incentive awards
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- CEO Mark Seaton base salary raised from $725K to $1M, annual cash/RSU bonus targets each increased to $1.8M.
- Seaton receives LTI RSUs and PRSUs each with grant-date value of $737,500; PRSUs tied to S&P MidCap 400 TSR over 2025-2027.
- CFO Matthew Wajner base salary raised from $370K to $625K, annual cash/RSU bonus targets each increased to $500K.
- Wajner gets LTI RSUs and PRSUs each valued at $192,500; employment agreement includes 2x severance and non-compete.
- Compensation actions effective as of April 10, 2025, approved by Committee on May 21, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472787/000095017025076951/0000950170-25-076951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472787/000095017025076951/faf-20250415.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-076951

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer